When it comes to retail real estate, everyone knows there is no safer bet than New York’s Fifth Avenue. That’s why many investors are willing to pay astronomical prices to own a piece of it. But what if you are looking for healthy yields, in addition to a feeling of confidence your shiny new asset will not end up in default a few years from now? We put together a list of cities that currently offer the best opportunities for outsized returns without outsized risks, based on interviews with capital markets specialists from Cushman & Wakefield and Transwestern and research from the CoStar Group and Real Capital Analytics (RCA). Our ranking was based on a combination of factors, including recent population growth, the volume of new retail space under construction, retailers’ interest in opening stores in the area and current cap rates. Take a look at our choices and let us know if you agree.